This Question: 1 pt 30f 10 (0 complete) ? | > This Qui 2019 2018 $605,000 $500,0

Question

This Question: 1 pt 30f 10 (0 complete) ? | > This Qui 2019 2018 $605,000 $500,000 457,000 406,000 $148,000 $94,000 53,000 54,000 $95,000 $40,000 40,000 20,000 $55,000 $%20,000 Account Net Sales Revenue Cost of Goods Sold Gross Profnt Selling Expenses Net Income Before Income Tax Expense Income Tax Expense Net Income With respect to net income, a honizontal analysis reveals (Round your answer to two decimal places) A. that net income is 17.5% of net sales revenue a 175% decrease in net income B. O c. a $20,000 increase in net income O D. a 175% increase in net income

Explanation / Answer

Horizontal analysis of net income :

so answer is d) a 175% increase in net income

2019 2018 Amount increase (decrease) Percent increase (decrease) Net income 55000 20000 35000 175%

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